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CHEM. BANK v. TRP ENERGY SENSORS, INC.

166 A.D.2d 171 (1990)

Chemical Bank, Respondent, v. TRP Energy Sensors, Inc., Defendant, and Larry Cohen, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

October 2, 1990

In October of 1984, the defendant Cohen, the chairman and president of TRP Energy Sensors, Inc., personally guaranteed payment to Chemical Bank (plaintiff) of all TRP liabilities, present and future. The guarantee provided that it could be terminated by written notice as to "all Liabilities of the Borrower [TRP] incurred * * * after the date on which such notice is so delivered or received". The guarantee further provided, however...

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